Merrill Lynch offices in New York and Washington D.C. hired advisers from rival, Morgan Stanley. Bank of America Corp's Merrill Lynch hired veteran brokers from its rival, Morgan Stanley Wealth Management.
Investors
Paulson's gold fund falls 65% through June
Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
US venture firm Q2 fundraising decreases 54%
US venture firm fundraising activity decreased 54% in the second quarter this year. There was a decline of 54% in fundraising by US venture-capital firms in the second quarter.
Praet: ECB's rates to remain low while inflation is moderate
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
Reuters: Adviser departures in 2013 lower than 2012
According to data from Reuters, adviser departures in 2013 were lower than 2012. There were about 200 teams of veteran advisers who moved so far this year until the end of June.
Latest News
According to Michael Steinberg's lawyers, his trial might be biased due to the wall-to-wall media coverage.
JPMorgan Chase & Co. and Wells Fargo & Co., lost US$6.5 billion in combined equity that threatened levels of capital across the industry.
According to sources, signing and enactment of Colombian pension fund decree may be delayed. Colombia's Finance Minister, Mauricio Cerdenas, may announce that the signing of the pension fund decree could be delayed, according to high-level government and industry sources.
According to the Argentine central bank, the Evita bank notes are legal tender. The Argentine central bank said in a statement this week that "The 100-peso bills with the image of Maria Eva Duarte de Peron are legal tender and must be accepted by all retailers and financial institutions.
According to sources, Pinnacle Foods and Fresh Del Monte were considering to place bids for Del Monte Foods.
Greece announced satisfaction with the decision of the euro zone which granted the country Eur6.8 billion to redeem bonds in August.
Latin American currencies low as investors waited for results of Fed's meeting. Latin American currencies changed little last Tuesday as investors waited for the results of the US Federal Reserve's latest meeting.
US hospitals shifted from the conventional paper record keeping to standardized electronic health records after receiving funds from the federal government.
Mexican airport operator Grupo Aeroportuario del Centro Norte said on Monday that it has decided to re-launch a previously postponed initial offering.
